EUR/USD: Outlook remains negative near term – UOB – by pabspiovano EURUSD Currencies Majors Banks
24-hour view: “Yesterday, we expected EUR to consolidate in a range of 1.0845/1.0900. EUR traded between 1.0853 and 1.0904 before closing slightly lower at 1.0861 . The underlying tone has softened somewhat and EUR is likely to edge lower today, but any decline is likely part of a lower range of 1.0835/1.0890. In other words, a clear break below 1.0835 is unlikely.”for EUR remains negative and the level to watch is 1.0800. On the upside, a breach of 1.
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